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Is it possible to calculate interest on bank loans/credits through bank management function? I don't want to open bank loan in vendor master. Is there any other way out?
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hi,
please be more specific.
Hi Darshil,
The above can be handled either as vendor or in Bank. If the above is for indian company i suggest you to handle through Vendor as in certain cases TDS will be applied. Calculating the interest to be customized as we do it in indian payroll for loan to employees.
In case of any queries please let me know
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